On Holding Analysts Boost Their Forecasts Following Upbeat Results
On Holding Analysts Boost Their Forecasts Following Upbeat Results
On Holding AG (NYSE:ONON) reported better-than-expected first-quarter financial results on Tuesday.
On Holding AG（紐約證券交易所代碼：ONON）週二公佈的第一季度財務業績好於預期。
On Holding posted adjusted earnings of 38 cents per share, beating market estimates of 14 cents per share. The company's quarterly sales came in at $581.594 million versus expectations of $497.163 million, according to data from Benzinga Pro.
On Holding公佈的調整後每股收益爲38美分，超過了市場預期的每股14美分。根據Benzinga Pro的數據，該公司的季度銷售額爲5.81594億美元，而預期的爲4.97163億美元。
Martin Hoffmann, Co-CEO and CFO of On, said, "The first quarter was a very strong start to the year and a further step in the execution of our long-term strategy to be the most premium global sportswear brand. We are thrilled to have exceeded our expectations and surpassed the half-billion net sales mark in a single quarter. This serves as a validation of the strong demand we have experienced across all channels, regions, and product categories. Notably, we see the strength in our DTC channel as a clear marker of the ongoing strong brand momentum. The significantly increased DTC share has also allowed us to reach a very strong gross profit margin in the first quarter, close to the mid-term target we laid out a couple of months ago. Looking ahead, we're extremely excited for the months to come, filled with groundbreaking innovations, big partnerships, and the opportunity to have a notable impact in Paris this summer."
On聯席首席執行官兼首席財務官馬丁·霍夫曼表示：“第一季度開局非常強勁，也是我們執行成爲全球最優質運動服裝品牌的長期戰略的又一步。我們很高興超出預期，並在單個季度內突破了5億美元的淨銷售額大關。這證實了我們在所有渠道、地區和產品類別中經歷的強勁需求。值得注意的是，我們將DTC頻道的實力視爲品牌持續強勁勢頭的明顯標誌。DTC份額的大幅增加也使我們在第一季度達到了非常強勁的毛利率，接近我們幾個月前設定的中期目標。展望未來，我們對未來幾個月感到非常興奮，屆時將有開創性的創新、大型合作伙伴關係以及今年夏天在巴黎產生顯著影響的機會。”
On Holding shares gained 1.2% to trade at $36.73 on Wednesday.
週三，On Holding股價上漲1.2％，至36.73美元。
These analysts made changes to their price targets on On Holding after the company reported quarterly results.
在On Holding公佈季度業績後，這些分析師更改了On Holding的目標股價。
- Needham boosted the price target on On Holding from $40 to $45. Needham analyst Anna Andreeva maintained a Buy rating.
- Morgan Stanley increased On Holding price target from $35 to $40. Morgan Stanley analyst Alex Straton maintained an Overweight rating.
- Barclays boosted the price target on On Holding from $38 to $40. Barclays analyst Adrienne Yih maintained an Overweight rating.
- Evercore ISI Group increased the price target on On Holding from $40 to $43. Evercore ISI Group analyst Michael Binetti maintained an Outperform rating.
- Truist Securities boosted the price target on On Holding from $30 to $34. Truist Securities analyst Joseph Civello maintained a Hold rating.
- UBS boosted the price target on On Holding from $53 to $55. UBS analyst Jay Sole maintained a Buy rating.
- Telsey Advisory Group boosted the price target on On Holding from $37 to $40. Telsey Advisory Group analyst Cristina Fernandez maintained an Outperform rating.
- 尼德姆將On Holding的目標股價從40美元上調至45美元。尼德姆分析師安娜安德烈耶娃維持買入評級。
- 摩根士丹利將On Holding的目標股價從35美元上調至40美元。摩根士丹利分析師亞歷克斯·斯特拉頓維持增持評級。
- 巴克萊將On Holding的目標股價從38美元上調至40美元。巴克萊分析師艾德麗安·葉維持增持評級。
- Evercore ISI集團將On Holding的目標股價從40美元上調至43美元。Evercore ISI集團分析師邁克爾·比內蒂維持跑贏大盤的評級。
- 信託證券將On Holding的目標股價從30美元上調至34美元。信託證券分析師約瑟夫·西韋洛維持持有評級。
- 瑞銀將On Holding的目標股價從53美元上調至55美元。瑞銀分析師傑伊·索爾維持買入評級。
- 泰爾西諮詢集團將On Holding的目標股價從37美元上調至40美元。泰爾西諮詢集團分析師克里斯蒂娜·費爾南德斯維持跑贏大盤的評級。
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譯文內容由第三人軟體翻譯。